Here are some practical tips for finding the best solution for resolving your debt problem. 1. Look at ALL of your options, including options you don’t think you would like. Try to see where you are going to be 3 to 5 years down the road with each option, then pick the option for you. […]
Soon after you file bankruptcy, your credit report will show that you filed bankruptcy, but it will also show that you are debt free. That’s why a lot of my bankruptcy clients get pre-approved credit card offers in the mail after their bankruptcy is over. The issue is not whether you will rebuild your credit, […]
This is tax refund season, and you may need to use that money to repay a family member that covered some expenses for you this past year. If you think that there’s a chance that you may need to file bankruptcy in the next 365 days, then DO NOT repay a family member with your […]
It’s tax season, and if you are like most of my clients, that means a tax refund is just around the corner. Naturally, you want to keep your tax refund, most likely to cover to some necessary expenses that had to wait until the money arrived. Here are some points to consider before you spend […]
The Supreme Court ruled in June that inherited individual retirement accounts (IRA) are not protected under federal bankruptcy laws. If someone has their own IRA, this cannot be lost to banks and other debtors, but any inherited IRA accounts left to children or other heirs are not protected in federal bankruptcy. Should a bankruptcy case […]
While Detroit is the most well-known city to be affected by bankruptcy, the California city of Stockton has been attempting to get out of bankruptcy as well. A California judge has made a ruling which mirrors a similar decision made by a judge in Detroit, determining that pensions can be cut in order for a […]
Comcast, the largest cable and broadband provider in the world, is appealing a decision made by a bankruptcy court that would allow the company to emerge from Chapter 11 bankruptcy without repaying a $100 million loan. The company seeks to keep control of a sports network that would be sold to two other cable and […]
Getting Credit Card Debt Discharged Through Bankruptcy Credit card debt is a type of unsecured debt, meaning that there is no collateral attached to it. Unlike auto loan providers and mortgage lenders, credit card companies cannot repossess any of the debtor’s property due to lack of payment. Unsecured debt is considered the lowest-priority debt when […]
San Antonio Bankruptcy Lawyer Offering Assistance According to news reports, national student loan debt has surpassed the $1 trillion mark. More and more individuals find themselves with student loan payments that amount to hundreds or even more than $1,000 each month. Many students have graduated from college with sky-high education tabs only to be thrown […]
Call a San Antonio bankruptcy attorney for assistance! Some debtors need to expedite the bankruptcy filing process so that they can get an automatic stay established sooner rather than later. An automatic stay, which begins as soon as the bankruptcy paperwork is filed, puts an immediate stop to creditors’ collection efforts and actions. There may […]
Here’s the “Easy” button: For the typical person that I see in a debt consultation, the determining factors for qualification for a Chapter 7 bankruptcy are the person’s income and expenses. Keep in mind, it’s like looking at an elephant…
One factor in determining if you qualify for Chapter 7 is to compare your previous six months of income to median income for people in Texas, based on the household size. Although you can be above median income and still…
Most people that file bankruptcy file under Chapter 7, which is the form of bankruptcy where there is no monthly payment to a trustee. Chapter 7 has numerous advantages over Chapter 13. Here are the key advantages: Chapter 7 Bankruptcy…
